HomeInsuranceQts

Home Insurance in West Virginia

The median home value in West Virginia is $162,600.

Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in West Virginia was built around 1976. About 32% of homes were built before 1960.

In West Virginia, the housing stock is 74% single-family homes, 8% apartments in buildings with 5+ units and 14% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.

About 46% of owner-occupied homes in West Virginia have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.

About 75% of occupied homes in West Virginia are owner-occupied. The vacancy rate is 15%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.

Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. 46% of homes in West Virginia are primarily heated with electricity.

According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in West Virginia carries a statewide average premium of $1,179 per year.

Key figures

Median home value$162,600
Median year built1976
Owner-occupied share75%
Share of owner-occupied homes with a mortgage46%
Home insurance premium$1,179 - statewide average (NAIC, 2023 data)

Counties

Sources